Sold for $245,000 Listed for $265,900
707 E Paulding Road
This property is not currently for sale or for rent.
13 mobile home lots of which 9 are rented and a 4-plex with zoning of CM4. 7 are rented for for $210/month + $34/month surcharge for water/sewer/trash and 2 are parked owned homes that is all inclusive(water/sewer/trash tenant still pays electricity and gas). 4-plex that rents for $1645/month. Over the last 3 years of ownership rents have been increased on the 4-plex without an increase for any of the mobile homes that are under market rents for the area. 3 trailers that currently are unrented and in disrepair are included in sale as well and could be pulled or fixed for addtional monthly income. Gross rents will be over $51k in 2021 with room for growth. Over $15k+ worth of upgrades have been done to park and 4-plex in last year and a half. Current NOI for 2021 would put this at over a 13 cap based YTD numbers.
Paulding at Decatur Rd.
Map to 707 E Paulding Road, Fort Wayne, IN 46816
MLS #
202135621
Date Listed
2021-08-26
Status
Sold
Property Type
Investment
Property SubType
Other
Finished Square Feet
3513 sqft
Total Square Feet
4668 sqft
New Construction
No
Style
Two Story
Type
Other
Basement
Yes
Bedrooms
4
Bathrooms
4
Annual Taxes
$4,000.00
Year Taxes Payable
2020
Year Built
1930
Days on Market
35
Room Dimensions
5th Bedroom
4 × 4
Level
Bathroom Locations
Full Baths
4 Main
External Features
Construction
Other
Lot Size
13,504 sq ft
Acreage
0.31 Acres
Lot Dimensions
146 x 180
Fence
None
Location
Area
Allen County
County
Allen
Subdivision
None
Township
Wayne
City
Fort Wayne
State
IN
Zip
46816
Schools
School District
Fort Wayne Community
Elementary
Levan R. Scott Academy
Middle School
Miami
High School
Wayne
Financial
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202135621 |
|---|---|
| Date Listed | 2021-08-26 |
| Status | Sold |
| Property Type | Investment |
| Property SubType | Other |
| Finished Square Feet | 3513 sqft |
| Total Square Feet | 4668 sqft |
| New Construction | No |
| Style | Two Story |
| Type | Other |
| Basement | Yes |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Annual Taxes | $4,000.00 |
| Year Taxes Payable | 2020 |
| Year Built | 1930 |
| Days on Market | 35 |
| 5th Bedroom | 4 × 4 | Level |
| Full Baths | 4 Main |
| Construction | Other |
|---|---|
| Lot Size | 13,504 sq ft |
| Acreage | 0.31 Acres |
| Lot Dimensions | 146 x 180 |
| Fence | None |
| Area | Allen County |
|---|---|
| County | Allen |
| Subdivision | None |
| Township | Wayne |
| City | Fort Wayne |
| State | IN |
| Zip | 46816 |
| School District | Fort Wayne Community |
|---|---|
| Elementary | Levan R. Scott Academy |
| Middle School | Miami |
| High School | Wayne |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202135621
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Adam Gerig
CENTURY 21 Bradley Realty, Inc
Listing updated January 10, 2022 at 12:45 pm
Last checked 9 minutes ago
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